💰 7th Dec 2023 - Mortgage Rates Under 5%? They’re Coming Back As Lenders Slash Fixed Rates!

💥 Thursday 7th December 2023 💥 Divorce And Real Estate - FREE Report! GTA Real Estate Sparks: Daily Heatwave! "Where Insight Meets Opportunity: Informed Reports & Sizzling Listings!" "GTA Real Estate Sparks: Daily Heatwave" is your daily source of the most electrifying updates and sizzling insights in the Greater Toronto Area real estate market. Each day, we deliver sparks that ignite the hottest trends, market insights, and crucial updates directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Daily Heatwave" covers a wide range of topics, from electrifying market dynamics to sparking investment opportunities and expert analysis. Stay charged and well-informed with the market's energy through "GTA Real Estate Sparks: Daily Heatwave" as your trusted resource for navigating the dynamic GTA real estate landscape. What are the options for dividing real estate assets during a divorce in Toronto? Dividing real estate assets during a divorce in Toronto involves careful consideration of legal, financial, and emotional factors. The options for dividing real estate assets can vary based on individual circumstances, but here are common approaches: Sale of the Property: One straightforward option is to sell the marital home and divide the proceeds between the spouses. This approach provides a clean break and allows each party to move on with their separate lives. However, market conditions and the emotional attachment to the home may influence this decision. Buyout by One Spouse: If one spouse wishes to keep the property, they can buy out the other spouse's share. This often involves refinancing the mortgage to release the other party's financial interest. The buying spouse should consider their ability to afford the mortgage and related expenses on their own. Equitable Distribution: Ontario follows the principle of equitable distribution, which means that marital assets, including real estate, are divided fairly but not necessarily equally. Factors such as each spouse's financial contributions, future needs, and the duration of the marriage are considered. Transfer of Ownership: Spouses may agree to transfer ownership of the property from one to the other as part of the divorce settlement. This can be done without a sale or buyout, but it requires careful legal documentation to ensure a clear transfer of ownership. Deferred Sale: In some cases, divorcing couples may agree to defer the sale of the property until a later date, such as when market conditions are more favorable. This option allows both parties to maintain a shared interest in the property until a predetermined point. Mediation or Collaboration: Mediation or collaborative divorce processes involve working together with a neutral third party to reach a mutually acceptable agreement. This can be beneficial for finding creative solutions that meet the specific needs and concerns of both parties. Court Decision: If spouses cannot reach an agreement, the court may make decisions on property division. Courts aim for a fair distribution based on legal principles, but this can result in outcomes that neither party finds entirely satisfactory. Legal Advice: Seeking legal advice is crucial during the divorce process. Each spouse should have their own lawyer to ensure that their rights are protected and that they understand the legal implications of various options. It's important for divorcing couples to communicate openly, consider the financial implications of each option, and work towards a solution that is fair and practical for both parties. Legal professionals, including divorce lawyers and mediators, can provide guidance tailored to individual circumstances. Mortgage rates under 5%? They're coming back as lenders slash fixed rates - Mortgage Rates & Mortgage Broker News in Canada For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option. canadianmortgagetrends.com Read Now ... Bank of Canada’s Final Interest Rate Hold for 2023: Housing Market Impact By Zoocasa Bank of Canada’s Final Interest Rate Hold for 2023: Housing Market Impact ca.investing.com Read Now ... All eyes on interest rate announcement as Ottawa's 'hesitant' home market hits lull | CBC News As the Bank of Canada prepares to make another interest rate announcement Wednesday, homebuyers, sellers and industry watchers alike are keeping a wary eye on Ottawa's "hesitant" real estate market.  cbc.ca Read Now ... Oakville one of the most expensive housing markets in the GTA, as prices in most of Halton rise - inHalton | Local Online News Although prospective homebuyers in the Halton Region continue to benefit from a healthier selection of houses to choose from, prices in the region remain high across the board–especially in Oakville.  According to data from the Toronto Regional Real Estate Board (TRREB), there’s currently 2.2 months’ worth of inventory available in Halton (Oakville, Burlington, Milton and […] inhalton.com Read Now ... Someone just listed a Toronto home for $1k but you can't actually live in it In a commentary on Toronto's housing market, a local agency has listed a home in the downtown core for just $1,000, which is less than one might pa... blogto.com Read Now ... This Toronto home hasn't been on the market since the 60s Gracing the market for the first time in over 55 years, is 1356 Davenport Rd. This property is filled with opportunity and possibility – more so fo... blogto.com Read Now ... Someone is renting out bunk beds in downtown Toronto for $750 per month | Urbanized A Facebook Marketplace listing advertises a room in downtown Toronto for $750, but you'll have to sleep in a bunk bed with another roommate.  dailyhive.com Read Now ... Posthaste: Canadians missing mortgage payments as credit card debt hits $113-billion record Total consumer credit rose to $2.4 trillion in Q3, Equifax says ca.finance.yahoo.com Read Now ... Bank of Canada holds rates again. So when will cuts begin? - National | Globalnews.ca The Bank of Canada kept its benchmark interest rate unchanged at 5.0 per cent in the third consecutive decision on Wednesday, but warned further hikes are still in the cards. globalnews.ca Read Now ... Condo of the Week: $1.7 million to live in an impeccably restored Leslieville church with Gothic flair This 1,500-square-foot property comes with a shimmering kitchen, reclaimed wood beams, a 100-bottle wine locker and a rooftop hot tub torontolife.com Read Now ... How capital gains taxes work in Canada Have you made a profit off selling an investment? Learn how it figures into your taxes. rates.ca Read Now ... Ontario woman says she's shocked and angry after losing $80,000 in roofing scam An Ontario woman said she was shocked and angry after handing over $80,000 to a roofing company that claimed she had problems with her roof that didn't exist. cp24.com Read Now ... Canadian Real Estate Arson May Rise As Economy Slows, Warns Insurer - Better Dwelling The only bond stronger than a mother and its baby is the one between rising interest rates and the arson of new homes under construction. Commercial insurer Northbridge Insurance is warning home builders to look out for arsonists. In a letter this week, the firm explained they expect new home arson to rise as financial […] betterdwelling.com Read Now ... Montreal home sales down in November | CityNews Toronto The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales in November edged down one per cent compared with the same month last year. The association says home sales in the region totalled 2,664, down from 2,700 in November 2022. Single-family home sales totalled 1,329, down from 1,451 a year earlier, while condominium […] toronto.citynews.ca Read Now ... B.C. homebuyer awarded more than $5K after seller failed to evict basement suite tenant The corporate seller of a B.C. home has been ordered to pay the buyer more than $5,000 for failing to evict a tenant who refused to leave. bc.ctvnews.ca Read Now ... Average home price dips below $1M in Mississauga | insauga The latest real estate numbers are out and there is good news and bad news for those looking to buy a home in Mississauga. insauga.com Read Now ... GTA’s November slump likely to close out the year - REM Per capita sales is technically worse than one of the lowest months of sales volume experienced during the 2008 recession realestatemagazine.ca Read Now ... 'AFFORDABILITY ISSUES': House prices shoot up in Oakville but drop in Burlington as new real estate listings plummet in both municipalities, new report shows Latest number reveal different trends for both areas, some good for buyers, some good for sellers insidehalton.com Read Now ... BoC will be very cautious before starting rate cuts in 2024: economist Earl Davis, head of fixed income and money markets at BMO Global Asset Management and Allison Boxer, economist at PIMCO, join BNN Bloomberg to debate when the BoC will cut rates in 2024. bnnbloomberg.ca Read Now ... Real Estate Definition: What is a Chattel? As you navigate the Canadian real estate market, you might have come across something called a chattel. But what is a chattel? blog.remax.ca Read Now ... Toronto home prices fall in November but relief seen on the horizon The benchmark price of homes in the Toronto region declined in November and new listings fell month-over-month as elevated interest rates continued to cast a chill that is only likely to deepen over the winter months. Monthly data released by the Toronto Regional Real Estate Board (TRREB) Dec. 5 showed the composite benchmark selling price was $1,081,300 in November, a decline of two per cent from October. On a seasonally adjusted basis,... msn.com Read Now ... Edmonton family 'stuck in the rental market' amid high interest rates, mortgage prequalifications Renters in Edmonton like Dana Ibrasheva and her family feel “stuck in the rental market” amid high interest rates and mortgage approval requirements. In an interview with Postmedia, Ibrasheva said they’ve been renting for almost four years now. Though her landlord is nice enough to keep the rent as it is when their lease expired in September, she still feels it’s a temporary fix for her family until the rising cost of rent starts to pinch. “I’m... msn.com Read Now ... GTA’s November slump likely to close out the year - REM Per capita sales is technically worse than one of the lowest months of sales volume experienced during the 2008 recession realestatemagazine.ca Read Now ... Where do you stand on Toronto's plan to mix 6-storey buildings and single-family homes? | CBC News The city is hosting a webinar Wednesday night to talk about its major streets study, which proposes "gentle densification" along large streets lined with single-family homes across the city from Scarborough to Etobicoke. cbc.ca Read Now ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credits Low or Zero down With Bank Cash-Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca Social Media: Facebook Profile • Blog • Pinterest • Tumblr Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here

✂️ 6th Dec 2023 - 9 Ways To Save On Your Mortgage!

💥 Wednesday 6th December 2023 💥 Homes Buying And Selling FREE Reports! Daily GTA Real Estate Incineration! "Unlocking Your Dream Home: Free Reports & Coveted New Listings!" "Daily GTA Real Estate Incineration" is your daily plunge into the hottest and most impactful updates in the Greater Toronto Area real estate market. Each day, we provide you with a curated selection of updates that set the market ablaze, covering the hottest trends, market insights, and critical developments delivered directly to your inbox. Whether you're a potential buyer, seller, investor, or a real estate enthusiast, our "Incineration" series covers a wide range of topics, from heating up market dynamics to sparking investment opportunities and expert analysis. Stay ablaze with the market and make well-informed decisions with "Daily GTA Real Estate Incineration" as your trusted resource for navigating the dynamic GTA real estate landscape. Will the Toronto Homes Buying and Selling Reports assist me in pricing my property accurately when selling? The Toronto Homes Buying and Selling Reports can be instrumental in helping you price your property accurately when selling. These reports typically provide comprehensive insights into the local real estate market, including recent sales data, trends, and other relevant information. Here's how these reports can assist you: Market Trends: The reports will highlight current market trends, indicating whether it's a buyer's or seller's market. This information is crucial for determining your pricing strategy. Comparative Market Analysis (CMA): A CMA is a key component of these reports. It compares your property to similar recently sold properties in the area, considering factors such as size, features, and condition. This helps establish a competitive and realistic listing price. Recent Sales Data: The reports provide data on recently sold properties in your neighborhood. This information gives you a benchmark to gauge the fair market value of your home. Days on Market (DOM): Understanding how long similar properties are taking to sell in your area can guide your decision on pricing and marketing strategies. Property Appreciation: Reports may include information on how property values in your area have appreciated over time. This historical data can provide context for your pricing decision. Local Amenities and Developments: The reports may highlight nearby amenities, schools, and upcoming developments. These factors can influence property values and play a role in pricing. Competitive Landscape: By analyzing the competition in your neighborhood, you can better position your property in the market. If there are similar properties at lower prices, you might need to adjust your pricing strategy accordingly. Seasonal Trends: Real estate markets can have seasonal fluctuations. Reports often include information on how these trends might impact the timing of your sale and pricing decisions. Buyer Preferences: Reports may provide insights into the features and amenities that buyers in your area are currently seeking. Aligning your property with these preferences can make it more attractive to potential buyers. Negotiation Strategy: Armed with a thorough understanding of the market, you can confidently negotiate with buyers. Accurate pricing can lead to a smoother negotiation process. Before setting a price, it's advisable to consult with a local real estate agent who can provide a customized analysis based on your property's unique characteristics. Combining the information from Toronto Homes Buying and Selling Reports with the expertise of a real estate professional will enhance your ability to set a competitive and appealing listing price. 9 Ways to Save on Your Mortgage Buying a house is a milestone, but it can be financially draining. Here are 9 tips to help you save on your mortgage payments. blog.remax.ca READ MORE ... How to Increase Your Mortgage Pre-Approval Amount Securing a pre-approval mortgage is the golden ticket that provides insights into your borrowing capacity and sets the stage for your house-hunting adventu blog.remax.ca READ MORE ... Toronto Home Prices Slide For Fourth Month as High Rates Weigh - BNN Bloomberg Toronto home prices fell for a fourth straight month as buyers were squeezed by interest rates stuck at multi-decade highs. bnnbloomberg.ca READ MORE ... ANALYSIS | The province is betting $8M on homeowners becoming landlords. Will it pay off? | CBC News The Houston government is offering $8 million in incentives to convince homeowners to convert their basements into apartments or to install backyard suites, on the condition that they charge affordable rent. Will it work? cbc.ca READ MORE ... Canada's housing woes won't be solved by attacking perceived evils through the tax system Kim Moody: A super tax won't cause short-term rental owners to put their properties into the long-term rental arena ca.finance.yahoo.com READ MORE ... How Much Real Estate Prices Have Changed Compared to Rental Prices in Canada By Zoocasa How Much Real Estate Prices Have Changed Compared to Rental Prices in Canada ca.investing.com READ MORE ... Someone is renting out a shared room with 3 beds near Toronto for $550 per month As a result of Toronto's consistently unaffordable housing market, prospective tenants in the city are being forced to extend their searches for bu... blogto.com READ MORE ... Some mortgage clients could see up to 40% payment increases at renewal, BMO says - Mortgage Rates & Mortgage Broker News in Canada Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%. canadianmortgagetrends.com READ MORE ... Bank of Canada to hold prime rate steady: economists | CityNews Vancouver People with variable-rate mortgages are watching to see what the Bank of Canada does with its key rate on Wednesday. vancouver.citynews.ca READ MORE ... Oshawa woman allegedly borrowed money for mortgage but instead used it in crypto scam A woman allegedly borrowed money from several individuals, saying she needed it for her mortgage, but instead used it to participate in a cryptocurrency scam, Durham police said. cp24.com READ MORE ... Navigating Canada’s housing crisis In the face of Canada's housing crisis, Private Real Estate Investment Trusts (REITs) emerge as a potential solution. They can address affordability, increase housing supply, and elevate property standards, offering hope for a more sustainable housing future. renx.ca READ MORE ... Different Types of Debt and How They Affect Mortgage Approval Learn about all the different types of debt, and how they can affect your mortgage approval when you want to buy a home. blog.remax.ca READ MORE ... Slowest November for Waterloo Region home sales in 15 years The number of homes sold in Waterloo Region slumped to a new 15-year low for November last month, the Waterloo Region Association of Realtors says. kitchener.ctvnews.ca READ MORE ... 6 Reasons Why Fredericton Real Estate Should Be on Your List Unsure if the Fredericton housing market is right for you? Here are six great reasons why this Atlantic Canada city should be on your list. blog.remax.ca READ MORE ... Calgary sees more listings, stronger sales, higher prices - REM “New listings have been increasing … However, gains have not been enough to change the low inventory situation thanks to strong demand” realestatemagazine.ca READ MORE ... Greater Toronto home sales fall amid affordability challenges but relief forecasted Greater Toronto home sales fell six per cent last month compared with November 2022 despite an influx in new listings, as high borrowing costs and uncertain economic conditions persisted. cp24.com READ MORE ... Short-term rentals are adding to Canada's housing crisis, report finds Short-term rentals are contributing to Canada’s ongoing housing affordability crisis , a new report suggests. Canada currently has 235,000 short-term rental (STR) listings on platforms such as Airbnb and Vrbo representing the equivalent of 1.4 per cent of Canada’s overall housing stock or 4.9 per cent of the country’s long-term rental stock, the Dec. 4 report from Desjardins found. “Studies overwhelmingly show that neighbourhoods with a high... msn.com READ MORE ... Toronto Real Estate Prices Drop As Market Loosens At A Breakneck Speed - Better Dwelling Greater Toronto real estate is unlikely to have a Christmas rally like some had hoped. Toronto Regional Real Estate Board (TRREB) data shows home prices fell further in November. Home sales continue to fall while inventory builds, easing market conditions. In fact, the erosion of market pressures is occurring at one of the fastest rates […] betterdwelling.com READ MORE ... Toronto home prices fall in November but relief seen on the horizon TRREB says lower mortgage rates next year could ease affordability challenges ca.finance.yahoo.com READ MORE ... Home listings on rise despite sluggish sales, says new TRREB report New listings are up but sales down, as one expert suspects many would-be homebuyers are waiting for interest rates to fall. toronto.com READ MORE ... Home sales rise in Vancouver area as newly listed properties add to supply, real estate board says | CBC News The Real Estate Board of Greater Vancouver says home sales ticked up last month as the continued increase of newly listed properties has given prospective homebuyers in the region among the largest selection to choose from since 2021. cbc.ca READ MORE ... Average home sales price increases in Windsor-Essex There was a slight increase in the average sales price of homes in the region, according to the Windsor-Essex County Association of Realtors. windsor.ctvnews.ca READ MORE ... Why some experts say modular homes could ease the Canadian housing crisis | CBC Radio Some experts say modular construction, built quickly in a warehouse like Lego, could be what's needed to get more Canadians into homes of their own. cbc.ca READ MORE ... Housing in Toronto is set to get more affordable in the coming months Multiple forecasts for the Toronto area housing market are now calling for greater affordability as the city moves into 2024, a relief for prospect... blogto.com READ MORE ... Editor's Note "Welcome to my Newsletter Page! I am a professional Real Estate Agent in Toronto GTA with an Architectural background from India. With a unique combination of design and real estate knowledge, I am dedicated to helping clients find their dream home. My expertise in both fields allows me to understand the potential of a property and how to best showcase it to potential buyers. I am committed to providing excellent service and going above and beyond for my clients. Let me help you navigate the real estate market and find your perfect property in the Greater Toronto Area & Surroundings. Contact me today!" Click Here For Hot New Toronto Regional Real Estate Board [TRREB] MLS® Listings. Call | Email me for more Info on any Greater Toronto Area Listings, Buying, Selling, Investing or Homebuyer's queries. Click Here to View Listings like Real Estate Agents. Click Here For HOMES & CONDOS In Toronto. Click Here For PRE-SALE CONDOS in Toronto. How does Rent-To-Own Homes works? Click Here for Power of Sale Listings. Manoj Atri, REALTOR®  Experienced Toronto GTA Sales Representative with Architectural Background. My forte: Power of Sale | Bank Foreclosures | Fixer Upper | Rent-To-Own Homes | All types of Credits Low or Zero down With Bank Cash-Back | Cash For Renovations & Much More... Re/Max Hallmark Realty Ltd., Brokerage 401-685 Sheppard Ave E, Toronto ON M2K 1B6 Cell: [416] 275-2089 | Office: [416] 494-7653 | Email: Manoj@ManojAtri.com Websites:   Homebuyer Hub | ManojAtri.com | ManojAtri.ca SearchRealEstateInToronto.ca | Rent-To-Own Homes | ManojAtri.ReMaxHallmarkRealty.ca  Social Media: Facebook Profile • Blog • Pinterest • Tumblr Subscribe To My FREE Daily Curated Hot News Articles e-Newsletter! © Copyright 2023 ManojAtri.com All rights reserved. If you no longer wish to receive these Emails, please Unsubscribe Here